Interest Rates on New Federal Student Loans Will Rise for 2014-15

By Nick DeSantis. Interest rates on new federal student loans will rise for the 2014-15 academic year, with the rate on undergraduate Stafford loans increasing to 4.66 percent, Bloomberg reported. Congress voted last year to tie interest rates to the high yield on the 10-year Treasury note. This year’s auction took place on Wednesday, with the yield on the note set at 2.61 percent. More...